Prototyping Is Often Appropriate When

question 29

Multiple Choice

Prototyping is often appropriate when

• A)there is a low level of uncertainty.
• B)it is clear which questions need to be addressed.
• C)there is a high likelihood of failure.
• D)there are limited financial resources available.

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Definitions:

Return On Investment

A performance measure used to evaluate the efficiency or profitability of an investment relative to its cost.

Minimum Required Rate

The lowest rate of return or discount rate that investors are willing to accept before investing in a project or financial asset.

Investment Opportunity

Any vehicle or asset that individuals or businesses can put money into in hopes of generating a financial return.

Return On Investment

A financial ratio used to evaluate the effectiveness of an investment, comparing the gain from the investment to its cost.